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North America Ducted Heat Pump Market Trends

Report ID: GMI5734
Published Date: May 2023
Report Format: PDF

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North America Ducted Heat Pump Industry Trends

Increasing demand for energy efficient system is one of the major driving forces for the North America ducted heat pump market. Over the last decade, rapid urbanization along with the surge in population levels has driven the energy consumption figures of the U.S. exponentially. Energy consumption rises as societies become more developed and the standard of living increases. As a result, managing the energy-efficiency has become the prime objective for policymakers at the federal and state levels, thereby contributing to the industry development.

Fossil fuel independency, regulators are working aggressively to formulate various strategic reforms. Several measures and initiatives have been taken to promote the adoption of energy-efficient systems. The introduction of similar reforms & measures increased the shipment of heat pump systems across the region by 2032.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of North America ducted heat pump exceeded USD 5.6 Billion in 2023 and is poised to depict 7.4% CAGR during 2032 to 2032 driven by the paradigm shift toward the adoption of energy-efficient systems.

The commercial applications segment is set to gain significant momentum attributed to the introduction of stringent building energy codes imposed by local regulators.

The U.S. ducted heat pump industry accounted for a sizable revenue share in 2022 and is expected to record significant growth through 2032 owing to the positive outlook toward the incorporation of sustainable technologies.

Blink Charging Co., Tesla, Elli, Zunder, ChargePoint, Inc, ABB, EVBox, Schneider Electric, Volta Industries Inc., GreenWay Infrastructure s.r.o., Eaton, Leviton Industries, Siemens, Delta Electronics are some of the top companies engaged in the ducted heat pump business across North America.